The determinants of international competitiveness: the case of Turkish manufacturing sector

Gençay, Mehmet
The aim of this thesis is to identify and to study the micro and macro determinants of export performance. The results of micro determinants suggest that there is no significant relationship between export performance and R&D intensity, which could be a result of underreport of R&D expenditures in income statements of firms and the realization of its effects in the long-term. The results for marketing intensity, ratio of foreign exchange profits in total sales, fixed investment intensity and capital intensity are in the same way. On the other hand, bank loans and previous year̕s export performance is strongly related with export performance. Moreover, it is found that there is no significant difference between low technology industries̕ and medium and high technology industries̕ export behavior. On the other hand, from the macro-economic determinants perspective, the implementation of flexible exchange rate policy has favorable effects on the volume of exports. While export intensity is positively affected by the major devaluations experienced in 1994 and 2001.


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Citation Formats
M. Gençay, “The determinants of international competitiveness: the case of Turkish manufacturing sector,” M.S. - Master of Science, Middle East Technical University, 2003.